multi-unit-franchisee-family-business-succession-planning

It is extraordinary for any family to have perfect interactions all the time, and if they say they do they aren’t being honest with themselves.  Sibling rivalry, mood swings, personality differences and differing expectations are only a few influences making family communication fun.  And the holidays, even though with cheer in the air, are often met with conflict and uncomfortableness.

Those of us who are in the family business, are in the business of family, which creates additional pressures on top of normal family interactions. Performance expectations, concern over the impact of COVID-19, care for your employee’s welfare and your own are all creating additional tension in our daily family and professional lives.

Family relationships are either advantage or disadvantage to overall business performance and succession planning.  And although there are many influences impacting  enjoyable relationships, there are strategies that will allow you to have less stressful family gatherings this holiday season, while also enjoying your time together in the office.

When families who work together in business develop the policies and procedures for their professional interactions, they experience family harmony in the workplace and around the dinner table. Yes, there will be some disagreements, but they are minor points of discussion versus major mountains of discord. Some of our legacy clients have even commented how closer their family relationships feel. Imagine going into this holiday season looking forward to spending time with each other, making memories, and enjoying the togetherness.

Click the following link to read the complete article on the Franchising.com website: Tips for Combining Family, Business and the Holidays

Read the article and then reach out us to get some insights on your own situation. A few moments with us will provide you insight and clarity for your next steps forward. Contact Us



Family Dynamics and Family Governance

Family and Business alignment is hard to find when business issues liven up family dynamics.

However; with proper process, governance policies, and mutual respect built over time, a Family Business can thrive through multiple generations. Click the following links for more drill-down resources on  Family Dynamics and Family Governance.

Sign up for our monthly e-newsletter to stay informed on how to overcome related succession planning issues.

We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.